Palm Oil Market Size, Share, Opportunities, And Trends By Type (Crude Oil, Refined), By Industry Verticals (Food and Beverage, Personal Care, Energy and Power, Others), By Distribution Channel (Online, Offline), And By Geography - Forecasts From 2023 To 2028

The palm oil market was evaluated at US$42.524 billion for the year 2018. Palm oil can be used both in crude form as well as in refined form. Only one-quarter of the palm oil and palm kernel oil worldwide is used as crude oil. In Southeast Asia, Africa, and parts of Brazil, crude palm oil is widely used for domestic cooking (source: EUROPEAN PALM OIL ALLIANCE). Also, palm oil is used as one of the ingredients in bakery products, confectionaries, and many more. Palm oil is grown in the continents of Asia, Africa, and South America. The demand for edible oils has strongly increased and the palm oil plantations have also significantly increased in order to fulfill the emanating global demand. Moreover, growing health concerns regarding the health benefits of consuming palm oil, and increasing application of crude palm oil are further expected to drive the market during the forecast period. However, environmental concerns regarding deforestation are expected to restrain the growth of the palm oil market during the next five years.

DRIVERS
Growing health concerns regarding the benefits of consuming palm oil.
Increasing adoption of crude palm oil.

RESTRAINTS
Growing environmental concerns.

INDUSTRY UPDATE
In December 2018, the Netherlands signed the first bilateral agreement on sustainable palm oil from Colombia, the agreement was an outcome of a Roundtable on sustainable palm oil with the Dutch Minister of Agriculture Schouten in Bogota.
In May 2019, in China, the Tsinghua University in collaboration with Beijing TUS-Deqing Bioenergy and the Malaysian Palm Oil Board carried out a program in which they used 180 sanitary trucks that used biodiesel containing Malaysian palm oil to test its feasibility in Chinese vehicles.

The major players profiled in the palm oil market include Carotino Group (JC Chang Group of companies), Yee Lee Corporation Bhd., Innovans Palm Industries Sdn Bhd, Able Perfect Sdn Bhd, Sarawak Oil Palms Berhad, Hayel Saeed Anam Group of Companies, Green Ocean Corporation Berhad, Muhibah Palm Product Sdn Bhd, Cargill, Incorporated, Wilmar International Ltd.

Segmentation

The palm oil market has been analyzed through the following segments:

By Type
Crude Oil
Refined

By Industry Verticals
Food and Beverage
Personal Care
Energy and Power
Others

By Distribution Channel
Online
Offline

By Geography

North America
USA
Canada
Mexico

South America
Brazil
Argentina
Others

Europe
United Kingdom
Germany
France
Spain
Others

Middle East and Africa
Saudi Arabia
Israel
Others

Asia Pacific
China
Japan
South Korea
India
Others

1. INTRODUCTION
1.1. Market Overview
1.2. Market Definition
1.3. Scope of the Study
1.4. Currency
1.5. Assumptions
1.6. Base, and Forecast Years Timeline
2. RESEARCH METHODOLOGY
2.1. Research Design
2.2. Secondary Sources
3. KEY FINDINGS
4. MARKET DYNAMICS
4.1. Market Segmentation
4.2. Market Drivers
4.3. Market Restraints
4.4. Market Opportunities
4.5. Porter’s Five Forces Analysis
4.5.1. Bargaining Power of Suppliers
4.5.2. Bargaining Power of Buyers
4.5.3. Threat of New Entrants
4.5.4. Threat of Substitutes
4.5.5. Competitive Rivalry in the Industry
4.6. Life Cycle Analysis - Regional Snapshot
4.7. Market Attractiveness
5. PALM OIL MARKET BY TYPE
5.1. Crude Oil
5.2. Refined
6. PALM OIL MARKET BY INDUSTRY VERTICALS
6.1. Food and Beverage
6.2. Personal Care
6.3. Energy and Power
6.4. Others
7. PALM OIL MARKET BY DISTRIBUTION CHANNEL
7.1. Online
7.2. Offline
8. PALM OIL MARKET BY GEOGRAPHY
8.1. North America
8.1.1. USA
8.1.2. Canada
8.1.3. Mexico
8.2. South America
8.2.1. Brazil
8.2.2. Argentina
8.2.3. Others
8.3. Europe
8.3.1. United Kingdom
8.3.2. Germany
8.3.3. France
8.3.4. Spain
8.3.5. Others
8.4. Middle East and Africa
8.4.1. Saudi Arabia
8.4.2. Israel
8.4.3. Others
8.5. Asia Pacific
8.5.1. China
8.5.2. Japan
8.5.3. South Korea
8.5.4. India
8.5.5. Others
9. COMPETITIVE INTELLIGENCE
9.1. Competitive Benchmarking and Analysis
9.2. Recent Investmentss and Deals
9.3. Strategies of Key Players
10. COMPANY PROFILES
10.1. Carotino Group (JC Chang Group of companies)
10.2. Yee Lee Corporation Bhd.
10.3. Innovans Palm Industries Sdn Bhd
10.4. Able Perfect Sdn Bhd
10.5. Sarawak Oil Palms Berhad
10.6. Hayel Saeed Anam Group of Companies
10.7. Green Ocean Corporation Berhad
10.8. Muhibah Palm Product Sdn Bhd
10.9. Cargill, Incorporated
10.10. Wilmar International Ltd.
LIST OF FIGURES
LIST OF TABLES

Carotino Group (JC Chang Group of companies)
Yee Lee Corporation Bhd.
Innovans Palm Industries Sdn Bhd
Able Perfect Sdn Bhd
Sarawak Oil Palms Berhad
Hayel Saeed Anam Group of Companies
Green Ocean Corporation Berhad
Muhibah Palm Product Sdn Bhd
Cargill, Incorporated
Wilmar International Ltd.